The global Industrial Cleaning Equipment market amassed revenue of $9.12 billion in 2021, and is expected to hit $14.14 billion by 2031, registering a CAGR of 4.3% from 2022 to 2031.
The research provides a detailed analysis of drivers, restraints, and opportunities of the market. These insights shower necessary guidance to determine driving factors and implement strategies to gain a sustainable growth and tap on opportunities to explore the potential of the market.
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Covid-19 impact:
- Construction and manufacturing activities of industrial cleaning equipment halted due to the implementation of the global lockdown.
- Moreover, supply chain disruptions, shortage of labor force, and unavailability of raw materials created several challenges in carrying out manufacturing in full capacity.
- Several construction activities were delayed in order to maintain the social distancing norms.
- The demand from end use industries reduced significantly due to halt in day-to-day operations in 2020. However, the demand would grow steadily during post-lockdown as daily operations get back on track.
- The ban on import-export activities led to supply chain disruption and supply-demand gap. As the restrictions are lifted off, the supply chain will be restored.
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Rapidly expanding pharmaceuticals and food & beverages sectors across the globe drives the growth of the global industrial cleaning equipment market. The launching of automated industrial cleaning equipment with technological innovations will open new growth opportunities for the global market. The lack of workforce and raw material supply due to restrictions imposed by the government during COVID-19 hindered the global market growth.
Based on the end user industry, the food and beverage segment held the largest share in 2021, contributing to nearly two-fifths of the global industrial cleaning equipment market share. Moreover, this segment is predicted to account for the highest market share by 2031. However, the pharmaceutical segment is expected to register the fastest CAGR of 4.7% during the forecast period. The report also provides an overall analysis of the segments such as electronics and other.
Competitive Landscape:
H&K Equipment, Tennant Company, Alfred Kรคrcher SE & Co. KG, Astol Cleantech Pvt. Ltd., Aubotz Labs Pvt Ltd, SJE Corporation Ltd., Avidbot corp., PressureJet, Blow-tech
These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
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Key Benefits for Stakeholders:
- This report offers a quantitative analysis of the market segments, current trends, estimations, and dynamics of the industrial cleaning equipment market analysis from 2021 to 2030 to identify the prevailing industrial cleaning equipment market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the industrial cleaning equipment market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global industrial cleaning equipment market trends, key players, market segments, application areas, and market growth strategies.
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